Colorado shooting victims demand fund arbitrator

"Those families paid the ultimate price and we understand that but we also, because of our responsibility as a committee that's putting together the recommendations, we don't want to overlook the lifelong needs of those individuals that will never be the same again physically," he said.

The committee hasn't decided whether the money raised will be used to cover mental health fees, he said, adding that a federal grant could cover those expenses.

Also, interest made on the money raised will be distributed to victims, Audsley said. Anita Busch, of Los Angeles, whose cousin, Micayla Medek, 23, died in the theater, said families during a meeting were told it was up to Giving First's discretion on whether or not to keep the interest earned on the donations.

Earlier Thursday, Teves said he was told that Giving First could keep interest earned on the donations.

Audsley, a former Mile High United Way executive, was the lead staff member for the Columbine Healing Fund.

Meanwhile, families have been working behind the scenes to help one another, Teves said. He said they reached out to Habitat for Humanity to build a handicapped-accessible house for Ashley Moser. Her family has said Moser would be paralyzed as a result of her wounds.